17:25 GMT update.
Everything goes as expected so far.
IMO, S2 is broken and cant support prices anymore.
R2 is pushing price nicely down.
EU is going DOWN.
On the left side in close proximity, there is not any anchoring point which can give support for the faling prices.
We need to go far far back left to find a support MIDAS line below these price levels. But it would not be suitable in H1 timeframe, for that we need to go higher timeframes. And thats another chart.
Everything goes as expected so far.
IMO, S2 is broken and cant support prices anymore.
R2 is pushing price nicely down.
EU is going DOWN.
On the left side in close proximity, there is not any anchoring point which can give support for the faling prices.
We need to go far far back left to find a support MIDAS line below these price levels. But it would not be suitable in H1 timeframe, for that we need to go higher timeframes. And thats another chart.
